How much is a home worth in ZIP code 79415?

The typical home in 79415 is worth $101,805, based on the Zillow Home Value Index.

Are home values rising in 79415?

Home values in 79415 are down 2.8% over the past year, and up 1.6% a year over five years.

What is the typical rent in 79415?

A typical home in 79415 rents for about $888 a month, a gross rental yield of 10.5%.

What is the property tax rate in 79415?

The effective property tax rate in 79415 is 0.6% — roughly $567 a year on a typical home.

ZIP code 79415 has a population of 15,794 and a median household income of $36,468.

HousingHandbookReference data

…

U.S. ZIP Code · TX79415

Lubbock County · Lubbock, TX

Typical home value

$101,805^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.8%
5-year / yr: +1.6%
10-year / yr: +4.3%

Relative price

vs U.S.: -64.2%
vs metro: -33.4%
vs state: -61.1%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 79415 is worth $101,805 — 33.4% below the Lubbock, TX median. Over the past year, values have fallen 2.8%. Homes here rent for a typical $888 a month — a 10.5% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $888^[2]
Gross yield: 10.5%^[2]
Cap rate: 6.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.6%^[3]
Typical annual tax: $567^[3]

#Climate risk

FEMA National Risk Index ratings for Lubbock County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Relatively Low
Drought: Very High
Heat wave: Relatively Moderate
Hurricane: Very Low
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Very High

#Who lives here

Population: 15,794^[3]
Median household income: $36,468^[3]

#Migration

Household moves in and out of Lubbock County over a year, from IRS tax-return data.

Net migration: +360^[5]
Moved in: 7,881
Moved out: 7,521

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 3
Middle: 1
High: 1

CARMONA-HARRISON EL
Elementary · Grades PK–5 · LUBBOCK ISD
569 students
MCWHORTER EL
Elementary · Grades PK–5 · LUBBOCK ISD
532 students
CAVAZOS MIDDLE
Middle · Grades 6–8 · LUBBOCK ISD
398 students
WOLFFARTH EL
Elementary · Grades PK–5 · LUBBOCK ISD
299 students
LUBBOCK CO JUVENILE JUSTICE CTR
High · Grades 6–12 · LUBBOCK ISD
50 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield10.5%

Net yield (after ~40% expenses)6.3%

Annual rent$10,660

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$515

Loan principal$81,444

Down payment$20,361

Total interest paid$103,877

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.73

Monthly cost to own$647

Monthly rent$888

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 28th percentile^[1]
Rental yield: 79th percentile^[2]
Property tax: 0th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 79415?: The typical home in 79415 is worth $101,805, based on the Zillow Home Value Index.
Are home values rising in 79415?: Home values in 79415 are down 2.8% over the past year, and up 1.6% a year over five years.
What is the typical rent in 79415?: A typical home in 79415 rents for about $888 a month, a gross rental yield of 10.5%.
What is the property tax rate in 79415?: The effective property tax rate in 79415 is 0.6% — roughly $567 a year on a typical home.
Who lives in 79415?: ZIP code 79415 has a population of 15,794 and a median household income of $36,468.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

79411 vs 79415 →
Lubbock, TX
Typical home
$101,111
Gross yield
12.6%
79403 vs 79415 →
Lubbock, TX
Typical home
$102,730
Gross yield
14.0%
79404
Lubbock, TX
Typical home
$100,530
Gross yield
12.9%
79343
Lorenzo, TX
Typical home
$104,198
Gross yield
—
79356
Post, TX
Typical home
$115,762
Gross yield
—
79412
Lubbock, TX
Typical home
$120,884
Gross yield
9.8%

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Compare ZIPs

Pit ZIP 79415 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · TX79415

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